Accounting

Discounted cash flow is a technique that determines the present value of future cash flows. Under the method, one applies a discount rate to each…

Sales trend analysis is the review of historical revenue results to detect patterns. Sales trend analysis is a useful budgeting and financial analysis method that…

GAAP accounting occurs when a business records financial transactions and issues financial statements that are in accordance with GAAP rules. GAAP is an acronym for…

There are two key concepts in the accounting for derivatives. The first is that ongoing changes in the fair value of derivatives not used in…

The sales cycle stages are the steps required to close a sale with a customer. The duration of the sales cycle is closely watched to…

To become a bookkeeper, a person should concentrate on certain key skill sets while in high school, and expand upon them over the following years.…

An accounting method is a set of rules under which revenues and expenses are reported in financial statements. The choice of accounting method can result…

ABC analysis is used to categorize items into three classifications, based on activity levels. The concept is most commonly applied to inventory, where the “A”…

A classified income statement is a financial report showing revenues, expenses, and profits, for which there are subtotals of the various revenue and expense classifications.…

Budgetary planning is the process of constructing a budget and then utilizing it to control the operations of a business. The purpose of budgetary planning…